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Published on 1/28/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.92 million 10.5% autocallables linked to internet stocks

By Angela McDaniels

Tacoma, Wash., Jan. 28 – Barclays Bank plc priced $1.92 million of 10.5% autocallable notes due Jan. 29, 2019 linked to the least performing of the common stocks of Alphabet Inc., Amazon.com, Inc., Facebook, Inc. and Netflix, Inc., according to a 424B2 filing with the Notes and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial price on any quarterly call valuation date.

The payout at maturity will be par unless any stock finishes below its barrier price, 50% of its initial share price, in which case investors will receive par minus 1% for every 1% that the worst-performing stock declines.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable notes
Underlying stocks:Alphabet Inc. (Symbol: GOOG), Amazon.com, Inc. (Symbol: AMZN), Facebook, Inc. (Symbol: FB) and Netflix, Inc. (Symbol: NFLX)
Amount:$1,924,000
Maturity:Jan. 29, 2019
Coupon:10.5%, payable monthly
Price:Par
Payout at maturity:Par unless any stock finishes below barrier price, in which case full exposure to decline of worst-performing stock
Call:Automatically at par if each stock closes at or above initial price on any quarterly call valuation date
Initial share prices:$97.34 for Facebook, $601.25 for Amazon, $97.83 for Netflix and $713.04 for Alphabet
Barrier prices:$48.67 for Facebook, $300.63 for Amazon, $48.92 for Netflix and $356.52 for Alphabet; 50% of initial share prices
Pricing date:Jan. 26
Settlement date:Jan. 29
Agent:Barclays
Fees:4%
Cusip:06741WBJ8

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